Inactive Subsidiary. Permit the Inactive Subsidiaries to (a) own any material assets, or (b) engage in any business activity.
Appears in 3 contracts
Samples: Loan and Security Agreement (Big Dog Holdings Inc), Loan and Security Agreement (Big Dog Holdings Inc), And Consolidated Loan and Security Agreement (Big Dog Holdings Inc)
Inactive Subsidiary. Permit the Inactive Subsidiaries Subsidiary to (a) own any ------------------- material assets, or (b) engage in any business activity.
Appears in 2 contracts
Samples: Loan and Security Agreement (Microstrategy Inc), Loan and Security Agreement (Microstrategy Inc)
Inactive Subsidiary. Permit the Inactive Subsidiaries Subsidiary to (aA) incur any liabilities, (B) own or acquire any material assetsasset, or (bC) engage in any business activityoperations or business.
Appears in 2 contracts
Samples: Subordination Agreement (Tontine Capital Partners L P), Agreement and the Rights And (Patrick Industries Inc)
